Business Meals may be 50% Deductible

Business Meals may be 50% deductible after all, despite TCJA changes. Entertainment, amusement and recreation deductions will be denied according to the IRS. The good news; the IRS is taking steps to clear up confusion about business meals which are part of the ordinary course of business and incurred where entertainment is also furnished. Get detailed guidance at SoundCPA Insights for Business.